Wacker Chemie (ETR:WCH) received a €155.00 ($184.52) target price from HSBC in a research report issued to clients and investors on Monday. The firm currently has a “neutral” rating on the stock. HSBC’s price objective would indicate a potential downside of 10.33% from the company’s current price.
WCH has been the topic of a number of other reports. UBS Group set a €120.00 ($142.86) price target on Wacker Chemie and gave the company a “neutral” rating in a report on Friday, October 6th. Warburg Research set a €129.00 ($153.57) price target on Wacker Chemie and gave the company a “buy” rating in a report on Monday, September 25th. JPMorgan Chase & Co. set a €122.00 ($145.24) target price on Wacker Chemie and gave the company a “buy” rating in a report on Thursday, October 5th. Berenberg Bank set a €155.00 ($184.52) target price on Wacker Chemie and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Nord/LB set a €114.00 ($135.71) target price on Wacker Chemie and gave the company a “sell” rating in a report on Friday, December 8th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of €139.59 ($166.17).
Shares of Wacker Chemie (WCH) traded down €0.05 ($0.06) during trading hours on Monday, hitting €172.85 ($205.77). The stock had a trading volume of 63,229 shares, compared to its average volume of 148,269. The company has a market capitalization of $9,030.00 and a P/E ratio of 39.46. Wacker Chemie has a 1 year low of €90.59 ($107.85) and a 1 year high of €174.20 ($207.38).
Wacker Chemie AG provides specialty chemical products worldwide. It operates through five divisions: Wacker Silicones, Wacker Polymers, Wacker Biosolutions, Wacker Polysilicon, and Siltronic. The Wacker Silicones division offers silanes, siloxanes, silicone fluids and emulsions, elastomers, resins, pyrogenic silica, and organofunctional silanes, which are primarily used as starting materials in the production of silicones.
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